The Third Foundation is : Pay cash for a car.
What are the 5 foundations in order?Terms in this set (5)
Save a $500 emergency fund.Get out of debt.Pay cash for your car.Pay cash for college.Build wealth and give.The Foundations in Personal Finance curriculum is modeled on Ramsey's “Seven Baby Steps.” The “Five Foundations” of the curriculum are the following: The First Foundation: Save a $500 emergency fund. The Second Foundation: Get out of debt. The Third Foundation: Pay cash for a car.
Third Foundation specializes in helping B2B organisations turn their data into its most important sales and marketing asset. The power of AI to improve your sales and marketing outcomes is almost as vast as your imagination will allow.
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The maximum output capability, allowing for no adjustments for preventive maintenance, unplanned downtime, or the like.is called ?
The maximum output capability, allowing for no adjustments for preventive maintenance, unplanned downtime, or the like.is called Theoretical Capacity.
What does the term "theoretical capacity" mean?
The level of production that a manufacturer could achieve at theoretical capacity if all of its machinery and processes ran continuously at peak effectiveness is known as the manufacturer's production capacity. The terms theoretical capacity and ideal capacity are interchangeable.
The significance of theoretical capability?
The theoretical capacity of a production facility is the maximum throughput that could be achieved if it could operate continuously at its highest efficiency level. Since it is practically difficult to achieve in practice, theoretical capacity should not be employed for planning or bonus compensation.
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Which of these best describes prices in a market economy?
answer choices
a signal for consumers to purchase less
a signal for producers to manufacture less
a set of compromises between buyers and sellers
a set of compromises between the government and citizens
A set of compromises between the buyers and the sellers best describes prices in a market economy. Option C is correct
In a market economy, not set in stone by the powers of market interest. At the point when interest for an item or administration is high, costs will generally go up, and when the request is low, costs will more often than not go down. Also, when supply is high, costs will more often than not go down, and when supply is low, costs will more often than not go up.
In a market economy, purchasers and dealers arrange costs through the course of trade. The value that is at last settled upon is a split the difference between the thing the purchaser will pay and what the dealer will acknowledge. This exchange cycle makes trade-offs among purchasers and vendors that decide the market cost.
Subsequently, C. a bunch of compromises among buyers and sellers is the right choice.
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According to the resource-based view of a firm, what are defined as any asset, capability, or competency that a firm can draw upon when formulating and implementing strategy?
Resources are any asset, capability, or competency that a firm can use to develop and implement strategy, according to the resource-based perspective of a firm.
What are implementing strategies?Physical resources like manufacturing facilities and equipment, financial resources like cash on hand and credit lines, human resources like skilled labour and managerial skills, and intangible resources like intellectual property, brand reputation, and organisational culture can all be considered among these resources. The resource-based perspective highlights the significance of these resources in establishing a firm's persistent competitive advantage since they enable the establishment of distinctive talents and competencies that are challenging for rivals to imitate. A company may add value for customers, make money, and succeed in its industry over the long run by using its resources.
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Specific rules that dictate what is acceptable or unacceptable within a society are referred to as ________.
demographics
cultural values
ethnocentric standards
cultural dimensions
social norms
Specific rules that dictate what is acceptable or unacceptable within a society are referred to as social norms .
Social norms are the generalized and unwritten rules that tells about the behavior and actions of individuals within the society. These generalization will vary largely from culture to culture, and can be based on things like cultural traditions, religious beliefs, and personal beliefs .
In general their are four norms, that varies from levels of believes and reach, importance and implication, and methods of application and acceptance. These includes, folkways, mores, taboos, and laws.
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the hoffs company started operations this month and had the following transactions owners invested $40,000 to start the company sold $3,200 of services to customers purchased $10,000 of equipment borrowed $3,000 from a bank paid $400 for advertising what are the company's total assets at the end of the month?
The total assets of the company at the end of the month are $55,800.
What is called an asset?A business asset is anything that has future or current economic value. In essence, assets for businesses include everything that the company controls and owns that is currently valuable or could provide monetary benefit in the future. Patents, equipment, and investments are all examples.
Given
The value of the equipment is $10,000, and the value of the cash is the sum of the investment, sale of services, and borrowing, minus the amount paid for advertising:
Cash = $40,000 (investment) + $3,200 (sale of services) + $3,000 (borrowing) - $400 (advertising)
= $45,800
Therefore, the total assets of the Hoffs Company at the end of the month are:
Total assets = Equipment + Cash
= $10,000 + $45,800
= $55,800
Hence, the company's total assets at the end of the month are $55,800.
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which fiduciary obligation does not necessarily end with the expiration of an agency agreement?
Expiration of the term, Death of the agent, Agreement are the fiduciary obligation which does not necessarily end with the expiration of an agency agreement
An agency agreement is made when one person, referred to as the principle, authorises another person, referred to as the agent, to act on the principal's behalf. A contract between the principal and the agent is created by an agency assignment. The principle and the agent, two different partners, are joined by a legal document called an agency agreement. The principal is the one who decides who gets hired. The agent is the person who will handle the obligations on the principal's behalf. With an agreement, two parties frequently establish a legal relationship and a form of proxy status.
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Of the four pathways to opportunity identification, which one can uncover high-value opportunities because of the entrepreneur's focus on meeting an unmet need?
The pathway to opportunity identification that can uncover high-value opportunities because of the entrepreneur's focus on meeting an unmet need is the "need in the market" pathway.
The need in the market pathway involves identifying an unmet or underserved need in the market, and developing a product or service that meets that need in a unique or innovative way. This pathway is often characterized by a strong customer focus, and a deep understanding of the customer's needs, preferences, and behaviors.
Entrepreneurs who follow the need in the market pathway are often able to uncover high-value opportunities by leveraging their insights into customer needs and preferences, and developing products or services that meet those needs in a unique or innovative way.
This can lead to a competitive advantage in the marketplace, and can help entrepreneurs to build a strong and sustainable business.
Overall, the need in the market pathway is a powerful tool for opportunity identification, and can help entrepreneurs to uncover high-value opportunities by focusing on meeting unmet needs and developing innovative solutions that meet those needs in a unique and compelling way.
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tristar company is preparing their income statement for year-end and they had a significant loss on the sale of equipment. what is the result of posting the loss in an expense account?
If Tristar Company posts the loss on the sale of equipment in an expense account, it will reduce the company's net income for the period.
What is the result of posting the loss in an expense account?
When a company sells an asset, such as equipment, for less than its original purchase price, it incurs a loss on the sale. This loss is recognized on the company's income statement as an expense, which reduces the company's net income. By recognizing the loss as an expense, the company is able to accurately reflect the impact of the sale on its financial statements, and provide investors and other stakeholders with a clear picture of the company's financial performance for the period.
In addition to reducing the company's net income, posting the loss in an expense account will also reduce the company's retained earnings, which is a measure of the company's accumulated profits over time. Retained earnings are important because they are used to finance the company's operations and growth, and they also play a role in determining the company's stock price and valuation.
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Unanticipated inflation does all of the following EXCEPT:
A) cause uncertainty about the future.
B) reduce the value of debt.
C) cause disinflation.
D) reduce the value of money.
Option C is correct. Disinflation is caused by the inverse, either a decrease in the rate of growth of the money supply or an economic cycle contraction (recession).
During a recession, business competition for customers becomes much more intense, and retailers are unable to pass on increased costs to their customers. A drop in aggregate demand usually leads to a drop in prices. Lowered government expenditure, share price failure, customer desire to raise savings, and tighter monetary policies are all contributing factors to this shift (higher interest rates). Deflation is a drop in an economy's overall price levels, whereas disinflation occurs once price inflation slows temporarily. A decrease in the supply of money, government spending, private consumption, and corporate investment can all lead to deflation, which really is harmful to an economy.
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describe a company with a positive corporate culture.
A company with positive corporate culture states that where there is fairness and integrity in the work.
What is positive corporate culture?A positive corporate culture is defined as an enthusiastic workplace where there is the interest of employees in performing the given work as the company fosters individual personal and professional growth.
These types of Companies represent a fair chance to every individual indicating positive corporate culture as open and enhanced communication following the ethics and integrity of work life.
These type of companies emphasis on core values which helps them to achive the objective of the organization with the support of people.
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what’s one project step a salesforce business analyst engages in? 2 when is a business analyst brought into a project?
Business analysts for Salesforce are only required once a project has begun. BAs are included from the beginning of Salesforce initiatives. Many people believe that they are only necessary once a project has begun.
Why is Salesforce so popular?Salesforce is particularly well-known for its capabilities in the areas of marketing campaign development and tracking, customer problem tracking based on escalation and solution levels, graphic dashboards, and robust reporting functions.
What is the precise purpose of Salesforce?The top customer relationships management (CRM) platform in the world is Salesforce. We make it possible for your marketing, sales, commerce, support, and IT employees to collaborate remotely so you can satisfy your consumers worldwide.
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how are realized income, gross income, and taxable income similar, and how are they different?
Gross income less allowable deductions for and from AGI equals taxable income. The base used to calculate the tax due before any applicable credits is known as taxable income. Even after they have been realised, certain types of income are exempt from taxation under the tax laws.
The purchase and sale of a home is one instance. That sale's profit is considered realised income. For both taxable and accounting reasons, income derived from wealth can be realised or unrealized. Unrealized income typically takes the form of an increase in the value of the underlying assets, whereas realised income typically takes the form of direct cash flow from those assets.
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The significant decrease in the number of commercial banks between 1984 and 2016 was largely due to:
a. bank divestitures
b. competition form other types of financial institution
c. mergers and acquisitions
d. bank failures
Option c: The significant decrease in the number of commercial banks between 1984 and 2016 was largely due to mergers and acquisitions.
A commercial bank is a financial institution that accepts deposits from the public and makes loans for consumption and investment purposes in order to make a profit.
It may also refer to a bank or a division of a large bank that deals with corporations and large/medium sized companies, to distinguish it from retail banks and investment banks. Commercial banks include private banks and public banks.
The term "commercial bank" refers to those that accept deposits, provide checking account services, issue various loans, and provide basic financial products such as certificates of deposit (CDs) and savings accounts to individuals and small businesses. refers to financial institutions that A commercial bank is where most people do their banking.
Commercial banks make their money by providing loans such as mortgages, auto loans, business loans, and personal loans and earning interest. Customer deposits provide the bank with capital to make these loans.
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the flow of costs through manufacturing accounts is basically the same for job-order costing and process costing.truefalse
Answer: true
Explanation:
during year 1, chung corporation earned $5,400 of cash revenue and accrued $4,300 of salaries expense. required based on this information alone: (hint: record the events in general ledger accounts under an accounting equation before satisfying the requirements.) prepare the december 31, year 1, balance sheet. determine the amount of net income that chung would report on the year 1 income statement. determine the amount of net cash flow from operating activities that chung would report on the year 1 statement of cash flows.
The answer is $1100, is the amount of net cash flow from operating activities that Chung would report on the year 1 statement of cash flows.
What does "cash flow" actually mean?A measure of a company's overall income or outlay over a given time period is called cash flow. On the statement of cash flows, a typical financial statement, cash flow from operating operations, cash flow from investing activities, and cash flow from financing activities are frequently divided.
How does that financial flow work?The cash generated or spent when your business is financed by loans, lines of credit, or owner's equity is referred to as the cash flow from financing activities.
Cash revenue= $5400
Salary expense= $4300
Net Cash Flow = Total Cash Inflows – Total Cash Outflows
= 5400-4300= $1100.
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If enforcement is aimed at buyers of an illegal good, the result will be an increase in the short-run supply of the good. a decrease in the short-run supply of the good. a decrease in demand for the good. an increase in the price of the good.
If enforcement is aimed at buyers of an illegal good , then the result will be a decrease in the demand for the good , the correct option is (c) .
Enforcement aimed at buyers of an illegal good can take many forms, such as fines or imprisonment. The purpose of this enforcement is to discourage individuals from purchasing or consuming the illegal good.
When the buyers are deterred from purchasing the illegal good, the demand for the good decreases. This can lead to a decrease in the short-run supply of the good, as suppliers may be less willing to produce and sell the good when there is less demand for it.
Therefore, the correct answer is (c) a decrease in demand for the good.
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The given question is incomplete , the complete question is
If enforcement is aimed at buyers of an illegal good, the result will be
(a) an increase in the short-run supply of the good.
(b) a decrease in the short-run supply of the good.
(c) a decrease in demand for the good.
(d) an increase in the price of the good.
Economics
a. is a natural science.
b. is concerned with how people respond to incentives.
c. is unconcerned with value judgments.
d. deals with assumptions and therefore is unrealistic.
Economics is concerned with how people respond to incentives, unconcerned with value judgments and deals with assumptions and therefore is unrealistic.
Economics is not a natural science, as it is a social science that deals with the production, consumption, and distribution of goods and services. One of the fundamental principles of economics is that people respond to incentives, which means that economic decisions are often motivated by self-interest.
Economics does involve value judgments, as it is concerned with what people value and how they allocate resources to achieve their goals. However, economists strive to remain value-neutral when making policy recommendations or analyzing economic issues objectively.
Finally, economics relies on assumptions and models to simplify complex economic phenomena, which can sometimes lead to unrealistic or oversimplified representations of real-world economic systems.
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the primary legal responsibility of business is to obey the law. T/F
The statement is true as the primary legal responsibility of any business is to obey the law.
In addition to the local businesses, individuals with in civilization are also held to account under law. Business must abide by laws and regulations because it is a separate legal entity. Every company has a duty to conduct its operations within the restrictions established by the various commissions and agencies at all levels of government. These guidelines have been established to preserve balance and advance societal welfare. A business that follows the law additionally constitutes a corporation that values moral obligation. The company is free to operate whatever it sees fit, but only as long as it complies with all applicable rules and regulations, including labor laws.
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When you're using shelf positioning, the best locations for an adult are:
A. The bottom two shelves
B. The top shelf
C. Right in the middle at eye level
D. Right below eye level
Option C is correct. When using shelf placement, the best place for an adult is in the middle of eye level.
A brand manufacturer's shelf placement is where products are placed on fixed shelves in a retail store. It can be the top, eye, middle or bottom shelf. Products can also be placed side-by-side with your own brand, competitor's brand, or complementary items.
In this situation, retailers are also shoppers. Retailers must decide which products and brands to place where in a way that not only benefits their stores and shoppers, but also pleases their other partners. Retailers must balance the risks and rewards of choosing which products to stock with a limited number of available shelves. Buyer behavior and existing relationships with brands should be considered.
For the end user of a product, shelf placement is where the goods are placed. They want to find what they are looking for to get in and out as quickly as possible. Shoppers also want to easily see related products and competitor options to make informed purchasing decisions. It's also important that the shelves are easy to grab and stocked for walking. For example, you don't have to ask staff to get off the ladder.
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What is confounding variable example?
Confounding variables are any other variable that also has an effect on your dependent variable.
A confounding variable is an unmeasured third variable that influences both the supposed cause and the supposed effect.
In an experiment, the independent variable typically has an effect on your dependent variable. For example, if you are researching whether lack of exercise leads to weight gain, then lack of exercise is your independent variable and weight gain is your dependent variable.
Confounding variables are any other variable that also has an effect on your dependent variable. They are like extra independent variables that are having a hidden effect on your dependent variables.
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True or False. in effect, a counteroffer converts the original offeror into an offeree with the power of acceptance.
A Counteroffer is a response given away to an original offer. It's true.
The grip of acceptance lasts ever. Effectively, a counter offer makes the leading endeavor an accepting endeavor.
A offer to automatically terminate the contract after the deadline specified in the offer. The offer can be accepted by the provider or by third parties.
The counter-offer serves both as a rejection of an offer of contract and as a new offer that mainly changes the terms of the original offer. Since the counter offer acts as a rejection, it fully invalidates the original offer. thus the premier proposition can no longer be accepted.
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Marginal cost benefit analysis states that financial decisions should be made and actions should be taken only when the added benefits exceed the added costs. True or False?
Answer: True
Explanation:
Marginal cost-marginal benefit analysis is an economic theory that asserts that financial choices and actions should be done only when the additional advantages.
The marginal benefit of a given activity outweighs the additional expenses (marginal cost). In other words, in order to be economically efficient, the additional benefit of performing a certain action must be greater than the additional cost of that action. This approach is frequently applied in decision-making and investment analysis to help decide if a certain project or investment is worthwhile. The goal is to maximize the net benefit of a certain activity by taking into account both the costs and benefits of that action and selecting to execute that action only if the benefit exceeds the cost.
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when must a property manager send a final accouting to the property owners upon
A property manager must send a final accounting to the property owner upon termination of the management agreement.
When a property owner engages a property manager to manage their property, they typically sign a management agreement that outlines the terms and conditions of the arrangement. The agreement may specify the length of the contract and the responsibilities of the property manager, as well as the compensation and any fees that will be charged.
When the management agreement is terminated, the property manager must provide a final accounting to the property owner. This accounting should include all income and expenses related to the property during the management period, as well as any fees or compensation owed to the property manager. The final accounting should be prepared in a clear and understandable format and should be accompanied by any supporting documentation, such as receipts or invoices.
The timing of the final accounting may be specified in the management agreement or by applicable state law, but generally, it should be provided within a reasonable period of time after the termination of the agreement.
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with respect to critical audit matters, which of the following statements are true? they are included in the audit report of an issuer entity they are not included in the audit report if the explanatory paragraph needs to be included. they are communicated to the audit committee they are included only if auditor issues a modified audit opinion
The statement "they are included only if the auditor issues a modified audit opinion" is not true. CAMs are required to be communicated in the auditor's report even if the audit opinion is unmodified.
What are CAMs?Generally, The statement "they are included in the audit report of an issuer entity" is true with respect to critical audit matters.
Critical audit matters (CAMs) are required to be communicated in the auditor's report for audits of large accelerated filers in the United States, as mandated by the Public Company Accounting Oversight Board (PCAOB). CAMs are matters that are communicated or required to be communicated to the audit committee that (1) relate to accounts or disclosures that are material to the financial statements and (2) involve especially challenging, subjective, or complex auditor judgment.
The statement "they are not included in the audit report if the explanatory paragraph needs to be included" is not true. CAMs are included in the auditor's report regardless of whether an explanatory paragraph is needed.
The statement "they are communicated to the audit committee" is also true. As per the PCAOB standards, CAMs are required to be communicated to the audit committee in writing.
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What's the meaning of Just-in-Time (JIT) ?
Answer:
Just-in-time, or JIT, is an inventory management method in which goods are received from suppliers only as they are needed. The main objective of this method is to reduce inventory holding costs and increase inventory turnover.
Answer:
Explanation:
Just-in-Time (JIT) is a manufacturing strategy that involves producing and delivering products just when they are needed, thereby reducing inventory costs and improving efficiency. JIT is based on the idea of "pull" manufacturing, where products are only made when there is demand for them, rather than "push" manufacturing, where products are made in anticipation of demand.JIT involves coordinating the production process with the needs of the customer or the next stage of production. In a JIT system, materials and components are delivered to the production line just in time for assembly, minimizing the need for inventory storage. Finished products are then shipped to customers as soon as they are produced, reducing the time between production and delivery.The benefits of JIT include lower inventory costs, reduced waste and defects, faster production cycles, and greater responsiveness to changes in demand. However, JIT also requires a high level of coordination and communication between suppliers, manufacturers, and customers, and is less effective in environments with high variability or unpredictable demand.
what is the best measure of long-run economic growth adjusts
The best measure of long-run economic growth adjusts for inflation and population growth to reflect real economic growth over time. This measure is called the real gross domestic product (GDP) per capita.
Real GDP per capita represents the total value of goods and services produced by a country, adjusted for inflation and divided by the country's population. By measuring economic growth on a per capita basis, this metric provides a more accurate picture of a country's economic progress than simply looking at total GDP.
Real GDP per capita is useful for comparing economic growth across countries, as well as for tracking a country's progress over time. However, it is not a perfect measure, as it does not take into account factors such as income inequality, environmental degradation, and other social and Real estate economic factors that can affect the overall well-being of a population.
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when to retire the pros and cons of different ages
Retirement "improves reported health, mental health, and life happiness," according to a study by the National Bureau of Economic Research.
Nevertheless, the age at which you retire affects the quality of your retirement. Your financial situation will be affected by when you retire. Decide when it makes the most sense for you to retire based on your financial circumstances so that you may live comfortably in retirement.
Many people believe that retiring in your upper 60s is the ideal age because you're still youthful enough to enjoy your years of employment-free living and old enough to have amassed a sizeable financial cushion.
If you're relatively well and anticipate living an average or longer retirement than the usual person, the fact that you'll receive your full Social Security benefit at age 66 to 67 can have a significant impact.
It could be wiser to act sooner rather than later if you have ambitions to change careers or launch your own company.
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Which one of the following terms is defined as dividends paid expressed as a percentage of net income?
A. dividend retention ratio
B. dividend yield
C. dividend payout ratio
D. dividend portion
E. dividend section
Dividend payout ratio is defined as dividends paid expressed as a percentage of net income.
What is Dividend payout ratio?
The ratio between the total amount of dividends given to shareholders and the company's net revenue is known as the dividend payout ratio. It is the portion of profits that are distributed as dividends to shareholders. The firm keeps the money that is not distributed to shareholders to pay down debt or to reinvest in its core businesses. Sometimes, it's just referred to as the payout percentage.
The annual dividend per share divided by the earnings per share (EPS), or alternatively, the dividends divided by net income, can be used to determine the dividend payout ratio. Interpreting the dividend payout ratio depends on a number of factors, chief among them being the maturity of the business.
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How long do credit bureaus retain positive credit history data? more than one answer may be correct.
a. Up to 10 years for closed accounts paid on time b. Up to 5 years for closed accounts paid on time c. Up to 7 years for currently open accounts paid on time d. Indefinitely for currently open accounts paid on time
The correct answers are: a. Up to 10 years for closed accounts paid on time; c. Up to 7 years for currently open accounts paid on time; d. Indefinitely for currently open accounts paid on time.
Credit bureaus are organizations that collect and maintain information about individuals' credit history and creditworthiness. This information is then used by lenders and other financial institutions to determine whether to approve credit applications and what terms to offer, such as interest rates and credit limits. One aspect of credit history that credit bureaus collect and maintain is positive credit history data. This refers to information about accounts that have been paid on time and in full, which can indicate to lenders that an individual is a responsible borrower. The retention period for positive credit history data can vary depending on several factors, including the type of account and whether it is currently open or closed. For closed accounts that were paid on time, credit bureaus may retain positive credit history data for up to 10 years. This means that even if an account has been closed for several years, its positive credit history can still be included in an individual's credit report and considered by lenders when making credit decisions. For currently open accounts that are paid on time, credit bureaus may retain positive credit history data for up to 7 years. This shorter retention period is likely due to the fact that the account is still active and its status could change in the future. It's important to note that the retention period for positive credit history data may also depend on the specific credit bureau. Each credit bureau may have its own policies and procedures for collecting and maintaining credit history data.
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what is the role of a gateway person in contract administration?
Issuing directions to the contractor. Evaluating work done and recommending payments.
The four principal compass directions are known as the four cardinal directions or cardinal points. They are north, south, east, and west, and are typically represented by the initials N, S, E, and W, respectively. The directions east, south, and west are spaced 90 degrees apart from the direction north.
To understand where something is about another, consider its direction. When we talk about anything going in that broad direction, for example, we can be ambiguous about the direction.
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